Two FHA home loans with less than perfect credit I am a Wisconsin resident. I am looking for a company that 1) knows how to underwrite a second FHA 2)works with people with less than perfect credit. My husband and I own a home that is secured through an FHA loan first taken in 2003, refinanced in 2008. The issue is that we have now outgrown the home. Our children do not have enough space to have their own rooms (opposite gender). Our plan is to rent the home to a family friend. The issue is, that our credit scores are barely high enough to qualify for a second FHA ( three highest scores 618, 605,603). I am not sure if it is even possible to get a second FHA, because, according to my research, only certain companies do this. We have had a great 48 month payment history, with only 1 late payment on all trade lines. Our monthly income is $7500, our debt is approx. $3000. So far no one has been able to assist, I am not sure that anyone will be able to either. I am now just trying to make contacts, so that hopefully in a few months we might have options. May 23 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.